Which of the following A. Capital + Liabilities = Assets B. Assets - Liabilities = Capital C. Assets = Capital + Liabilities D. Assets = Capital - Liabilities is incorrect?

Q: Distinguish between financial assets and real assets for each of the following characteristics.

A: Solution- Financial assets consist of cash and other monetary assets and receivables in the form of…

Q: What is needed to solve a Return on Assets? Balance sheet only or Balance Sheet with Income…

A: Business needs and calculates various type of ratios in its business. These ratios are meant for…

Q: Which of the following is not an asset account?a. Cashb. Landc. Equipmentd. Common Stock

A: Common stock:  Under the company its own shares. These shares are issued by the company to the…

Q: (d) Based on (c), what will be the ending balance in AFDA? What is net realizable value of A/R?

A: Accounts Receivables - Accounts Receivables are the amount unpaid by the customer for the service…

Q: Do financial statements prepared under IFRS normally present assets from least liquid to most liquid…

A: Balance sheet: This financial statement reports a company’s resources (assets) and claims of…

Q: Explain the following measurement bases of the elements of financial statements and indicate how…

A: Basis of accounting, is the way through which the various financial transactions are recorded in the…

Q: Why does a balance sheet balance (assets = Liabilities + OE)?

A: Accounting is done on double entry system, in which we book any financial transaction into books at…

Q: haat is the relationship between Income Measurement and Asset Valuation?

A: Profit or loss calculation is indeed a simplified method of calculating income. An accountant…

Q: c. Distinguish between financial assets and real assets for each of the followingcharacteristics.…

A: Assets can be any resources that possess and administrated by any entity. It includes resources such…

Q: Which of the following is correct?(i) Liabilities = Assets + Capital(ii) Assets = Liabilities –…

A: Accounting Transaction:   An economic event, which causes impact (increases or decreases the value…

Q: 3.) Pamela Company provided the following adjusted account balances on December 31, 2013: Wages…

A: Introduction: Current Assets: The assets which are to be used in a with in a year period called as…

Q: What is the total capital required for both off- and on-balance-sheet assets?

A: On-balance sheet items are those which are represented as a part of the company's financial…

Q: Explain the accounting equation while considering the relationship between asset, liabilities and…

A: Accounting equation of accounting says that after every business transaction total of assets should…

Q: Pls explain why is assets is not balance with the liabilities and equity, asap.

A: Accounting equation=    Accounting equation states that Assets should be equal to the equity+…

Q: Which account amount is the most important (larger) in the assets side and in the liabilities side…

A: Balance sheet is the summary of the financial position of the company on a particular date in which…

Q: Which concept is applied to net income and other comprehensive income? A. Borrowed Capital B.…

A:

Q: How do you decide the liquidity order (what asset come before the other...expenses vs prepaid vs…

A: Classified balance sheet: The main elements of balance sheet assets, liabilities, and stockholders’…

Q: at effect o

A: A financial transaction of a business is recorded in the books under the double entry system. Double…

Q: Which of the following is NOT a financial asset?

A: Financial Asset: These are the liquid assets that derive their value from ownership rights. These…

Q: What is the relationship between current assets and currentliabilities?

A: Current assets: The assets which could be converted into cash within one year like accounts…

Q: What is Asset and Liabilities?

A: The balance sheet is the financial statements of the business which displays the assets and…

Q: hich of the following is NOT a financial asset?

A: An asset is belongings or the resources of an individual, corporation, or country with the…

Q: Where do current assets and current liabilities come from?

A: Current Assets = Cash + Supplies + Prepaid Insurance Current Liabilities = Creditors + Salary…

Q: 3. The following records were taken from the books of the Company and its branch on December 31,…

A: Home office branch Opening stock 115000 35600 (44500/125%) Add: purchases 820000   Add:…